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Natixis Corporate & Investment Banking · 1 day ago

Deal Participations Closing and Monitoring (MO Finops) Specialist

New York, NY

Full-time

Onsite

Mid, Senior Level

$110K/yr - $130K/yr

5+ years exp

Natixis Corporate & Investment Banking is seeking a Deal Participations Closing and Monitoring (MO Finops) Specialist to partner with various Business Lines. The role is essential for ensuring optimal support, customer service, risk management, and process improvement in commercial lending and asset financing.

Financial Services

Responsibilities

Participate in the major steps of the Credit Process, including pre-closing, closing of the facility, client processing, deal life monitoring, and repayment

Serve as an expert resource and provide technical support to the Front Office

Manage all aspects of insurance related to deals, including booking instructions, reconciliation, invoicing, and monitoring

Ensure compliance with Natixis’ requirements, and coordinate process improvements and execution

Monitor and analyze collateral and covenant activities while maintaining an appropriate level of operational risk control

Collaborate with teams within Natixis, including the Deal Closing team, Operations, Legal Department, Risk Department, Finance, IT, BPO, Front Office, and Compliance

Maintain daily communication with clients to process financing requests

Assist with process coordination and execution for improvements

The primary tasks for the Deal Participations Closing and Monitoring (MO Finops) Specialist include maintaining a portfolio of committed and uncommitted client files, enforcing established procedures, monitoring risks, and employing sound practices to ensure a high level of service for both internal and external customers of the bank

Assist the Front Office and attend pre-closing meetings for new deals as needed

Review credit agreements to ensure compliance with credit approvals and collaborate with the Deal Closing team to book the deal in Loan IQ

Address any discrepancies with credit approval by requesting a waiver from the Front Office

Calculate insurance premiums for insured deals and ensure timely processing of payments as per Insurance Certificate requirements

Confirm that all conditions precedent (CPs) are met before processing funding

Collaborate with the Loan Booking team on deal bookings in Loan IQ by providing necessary information and performing required controls; review and validate the Deal Executive Memo in Sword when processed by the Deal Closing Team

Monitor deals from closing to termination and work closely with the Front Office and Deal Closing team on events such as amendments and waivers to ensure proper booking

Facilitate the booking of credit insurance upon receiving information from the Front Office and follow up with the Deal Closing team

Set up covenants in Loan IQ for bilateral and participated deals, using the Natixis covenants tracking tool, or work with outsourced providers for proper setup

Establish collateral in the Collateral module in Loan IQ and update values as required for specific Business Lines (quarterly, semiannually, or annually)

Prepare spreadsheets for facilities requiring Front Office approval for funding and oversee daily reconciliations and payment/funding processing activities

Monitor financial and reporting covenants due from borrowers on a monthly, quarterly, and annual basis; work closely with borrowers and report any past due or failed covenants to the Account Manager and/or Credit Risk Department

Conduct monthly reporting, including reviewing distributions, contributions, cash availability in the collateral account, and quarterly cash sweeps

Ensure compliance with regulatory requirements, such as collateral reporting

Confirm that facilities are repaid according to facility and credit approval requirements

Maintain close connections with business, GFO Ops teams, outsourced providers, and internal support/control groups to enhance processes

Collaborate with supervisors to optimize processes, controls, automation, and workforce management across full-time employees, temporary staff, and outsourced providers

Monitor and proactively seek to minimize operational risks

Identify opportunities for process improvements and collaborate with support teams (IT, operations team members) to implement necessary changes

Qualification

Commercial lending experienceInsurance managementFinancial statement analysisLoan IQ proficiencyMS Excel proficiencyMS PowerPoint proficiencyProcess improvementRisk managementCustomer serviceCollaboration